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- RE: Bike Shop Great Location. 35 Years In Business.
- Contact: Matthew Wochele
Quick Facts
| Asking Price: | $490,000 | |
| Annual Revenue: | $625,000 | |
| Net Profit: | $175,000 | |
| Cash Flow: | $175,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $10,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1985 | |
| Employees: | 6 | |
| BBN Listing #: | 926930182 | |
| Broker Reference #: | 051020221 |
Business Overview:
They have been in their current location for almost 30 years. One of the best locations in Atlanta for a sales and service bike shop. They have a solid staff and the owner will stay and transition with the buyer. The business is very consistent year in and year out. Their revenue is in the $600,000 plus range with the seller's discretionary earnings (SDE) averaging $175,000.
They service all bikes including electric bikes. The reputation of this owner and shop goes back to the mid 80s. A new owner will be coming into a thriving business in a thriving industry in one of the best areas in Atlanta for bicycle ownership.
We are asking $490,000 plus inventory.
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Property Features and Assets:
They have been in their current location for almost 30 years. One of the best locations in Atlanta for a sales and service bike shop. They have a solid staff and the owner will stay and transition with the buyer. The business is very consistent year in and year out. Their revenue is in the $600,000 plus range with the seller's discretionary earnings (SDE) averaging $175,000. They service all bikes including electric bikes. The reputation of this owner and shop goes back to the mid 80s. A new owner will be coming into a thriving business in a thriving industry in one of the best areas in Atlanta for bicycle ownership. We are asking $490,000 plus inventory.
Market Competition and Expansion:
They have been in their current location for almost 30 years. One of the best locations in Atlanta for a sales and service bike shop. They have a solid staff and the owner will stay and transition with the buyer. The business is very consistent year in and year out. Their revenue is in the $600,000 plus range with the seller's discretionary earnings (SDE) averaging $175,000. They service all bikes including electric bikes. The reputation of this owner and shop goes back to the mid 80s. A new owner will be coming into a thriving business in a thriving industry in one of the best areas in Atlanta for bicycle ownership. We are asking $490,000 plus inventory.
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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